West Virginia's Latest Experiment: Blockchain Elections
The 2016 presidential election brought to light just how archaic and vulnerable America’s voting system is, raising questions of how to protect democracy from foreign influences and digital hacks in the future.
Venture capitalist Bradley Tusk thinks blockchain could be the answer.
“Long term, I believe that every American should be able to vote in any election on their phone,” the founder and CEO of Tusk Montgomery Philanthropies told Cheddar Thursday.
Through his foundation, Tusk currently funds America’s first blockchain-powered voting experiment in West Virginia.
In March, the state launched a secure app to enable deployed military voters from a few counties to vote from wherever they are.
“We already have a handful of votes from various locations,” said Mac Warner, West Virginia’s Secretary of State.
“I was in the military and I’ve had those experiences where it’s difficult to vote. Think of the soldier on the hillside in Afghanistan...When they have those few minutes to think about an election back home, they want to vote the same way they order something from Amazon.”
Following this pilot program, the state wants to expand the program ahead of the midterm elections in November.
Tusk says the technology, which is already upending a range of industries from banking to art, provides a safer alternative to the current system.
“Blockchain...really is a much, much, much safer way to conduct elections not only compared to just regular online mobile voting, if someone were to try that, but even compared to the systems we have right now,” said Tusk.
For a military member to vote, the app not only requires details from their government-issued ID cards, but also uses [facial recognition and fingerprint scans](https://cheddar.com/videos/how-does-blockchain-powered-voting-work) to verify a voter’s identity.
“I’m very secure in the integrity of this election process,” sayd Warner.
Tusk, who managed former New York City Mayor Michael Bloomberg’s campaign, believes that low voter turnout leads to increased polarization among candidates and that this technology, though nascent, could in the long-term drastically change that.
“If, all of a sudden, voting was as easy as pulling out your phone and turnout went from 12 percent to 60 percent, then those same politicians would be forced to represent the views of the mainstream.
“To me, that’s the value in doing this. Right now, we don’t have a true represent of democracy,” said Tusk.
With only two days left until Christmas, last-minute shoppers are facing major issues caused by supply chain shortages and the rising omicron variant. Kristen Gall, president of Rakuten Rewards, joins Cheddar News to discuss.
Supply chain issues have become one of the biggest roadblocks for the U.S. EV market, with production woes likely to stunt the industry's growth in 2022. Rich Steinberg, electric vehicle expert and industry advisor, told Cheddar that the Biden administration investing in domestic mining for essential minerals used in battery manufacturing — such as lithium — could help alleviate the bottlenecks. "Some of those same materials are available domestically, they just haven't been prioritized," he said, noting the paradox between green tech and "dirty" mining. "The good news is that there are ways to extract those materials cleanly."
California-based startup Indi EV is gearing up to release its first crossover vehicle incorporating a supercomputer that will allow, among other things, gaming. Andre Hudson, head of design at Indi EV, joined Cheddar to talk about the launch of the Indi One and how the company is distinguishing itself from leaders in the EV space like Tesla. He also talked about the tech behind the Indi One and noted that the car's computer system will enable people to run applications and even create their own. "As a company, we fundamentally saw a major disconnect between how people transition into their cars using the digital devices in their life," Hudson said
Cheddar is looking back at the 12 biggest buzzwords of the year leading up to Christmas. The term for Day 12 is Web3. Definition: (noun) Also known as Web 3.0, a version of the internet where data is decentralized and based on peer-to-peer technologies.
Hyperfine, the pioneer of the very first FDA-approved portable MRI device, made its public debut on the Nasdaq via a SPAC merger. CEO Dave Scott joined Cheddar's "Opening Bell" to discuss the IPO launch, the company's valuation at $580 million, and the impact of its machine called Swoop. "We can roll an MRI system, our MRI Swoop system, right into the room where you are, right up to your patient bedside, and scan you right there and get an image in less than an hour," he explained.
Social media platform TikTok was the most visited website in 2021, topping Google, Facebook, Microsoft, and Apple, according to IT security company Cloudflare.
AdTheorent just the latest company to go public via a SPAC. The company specializes in digital advertising, using AI and machine learning as a tool to move marketing forward. AdTheorent to close its SPAC merger with MCAP Acquisition today and will trade on the Nasdaq under the ticker symbol ADTH. CEO Jim Lawson spoke with Cheddar ahead of the move.
Although still early in development, blockchain technology, Web3, also known as Web 3.0 has been getting a lot of attention from some top tech names lately. Web3 is based on blockchain technology, which powers NFT’s and cryptocurrencies such as bitcoin. With Web3, users would ideally control their own data, rather than have it be controlled by a few large companies. But, Tesla CEO Elon musk isn't buying into Web3 just yet, tweeting over the weekend that the decentralized iteration of the internet seems more like a marketing "buzzword" right now than reality. Twitter co-founder Jack Dorsey also chiming in to the conversation, expressing doubt over whether or not Web3 would actually be decentralized if ownership still belonged to venture capital firms. Parker McCurley, co-founder & CEO of Decent Labs explains the significance of Web3 catching the eye of the tech giants, and what Web3 could mean for the future of the internet.
